Consumer Startup Oliver Cabell Closes $1.2 Million
October 24, 2017
6:08 pm
![Consumer Startup Oliver Cabell Closes .2 Million Consumer Startup Oliver Cabell Closes .2 Million](https://i0.wp.com/newscenter.io/wp-content/uploads/2017/10/Screen-Shot-2017-10-24-at-4.55.38-PM.png?fit=1051%2C674&ssl=1)
Credit: olivercabell.com
Oliver Cabell announced the close of $1.2 million in financing from an undisclosed investor.
Oliver Cabell is an accessories brand that offers Italian-made, affordable unisex bags sold directly to consumers online, while bringing transparency back to the manufacturing and the pricing processes. The company employs a hands-on approach with its factory manufacturers to ensure their integrity.
According to Chief Executive Officer Scott Gabrielson, Oliver Cabell plans to release a new shoe each week. Despite its being a small company with roughly $1 million in financing, Gabrielson believes that with new manufacturing capabilities “the model can definitely work.”